1y return+37.8%S&P 500 +20.9%
3y return+35.9%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2021: $138 against $157 in the S&P 500.2
Carronade Capital Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYState Str Spdr S&p 500 Etf T | $3.4B | 58.2% | New |
| VSATViasat Inc | $485.0M | 8.4% | +67.2% |
| TLNTalen Energy Corp | $305.7M | 5.3% | +23.4% |
| CMCSAComcast Corp New | $203.7M | 3.5% | New |
| TDSTelephone & Data Sys Inc | $196.9M | 3.4% | +15.0% |
| CTRICenturi Holdings Inc | $166.8M | 2.9% | +20.9% |
| BKDBrookdale Sr Living Inc | $158.9M | 2.8% | +15.0% |
| VISNVistance Networks Inc | $141.9M | 2.5% | +45.2% |
| ACHCAcadia Healthcare Company In | $140.6M | 2.4% | +103.8% |
| Sphere Entertainment CoCUSIP 55826TAB8 | $104.3M | 1.8% | |
| Echostar CorpCUSIP 278768AB2 | $86.1M | 1.5% | +8.2% |
| VZVerizon Communications Inc | $85.6M | 1.5% | New |
| ECHOEchostar Corp | $70.8M | 1.2% | +19.7% |
| DHCDiversified Healthcare Tr | $57.1M | 1.0% | +16.5% |
| BNOUnited Sts Brent Oil Fd LP | $54.9M | 1.0% | New |
| CNNECannae Hldgs Inc | $46.5M | 0.8% | |
| UHSUniversal Hlth Svcs Inc | $29.7M | 0.5% | New |
| SPHRSphere Entertainment Co | $27.2M | 0.5% | +244.3% |
| CORZCore Scientific Inc New | $25.4M | 0.4% | +882.0% |
| Valaris LtdCUSIP G9460G119 | $9.9M | 0.2% | +17.7% |
| WWWw Intl Inc | $7.5M | 0.1% | +2.4% |
| CYHCommunity Health Sys Inc New | $5.2M | 0.1% | +18.5% |
| Brookdale Sr Living IncCUSIP 112463AC8 | $4.0M | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| DHCDiversified Healthcare Tr | March 31, 2025 | +287.5% | $57.1M |
| VSATViasat Inc | September 30, 2025 | +206.5% | $485.0M |
| BKDBrookdale Sr Living Inc | September 30, 2024 | +137.0% | $158.9M |
| TLNTalen Energy Corp | September 30, 2024 | +115.6% | $305.7M |
| VISNVistance Networks Inc | September 30, 2024 | +109.2% | $141.9M |
| Brookdale Sr Living IncCUSIP 112463AC8 | September 30, 2024 | +90.2% | $4.0M |
| CORZCore Scientific Inc New | December 31, 2025 | +75.8% | $25.4M |
| CTRICenturi Holdings Inc | June 30, 2024 | +55.2% | $166.8M |
| SPHRSphere Entertainment Co | March 31, 2026 | +47.4% | $27.2M |
| ECHOEchostar Corp | September 30, 2025 | +32.9% | $70.8M |
Sold off last quarter
- OPTUOptimum Communications Inc was $8.5M
- CPTCamden Ppty Tr was $7.6M
- VMRKEquity Residential was $7.3M
- UDRUdr Inc was $7.0M
- Avalonbay Cmntys IncCUSIP 053484101 was $6.7M
- ESSEssex Ppty Tr Inc was $4.3M
- MAAMid-amer Apt Cmntys Inc was $4.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.8% | +14.8% |
| March 31, 2026 | +4.4% | −4.6% |
| December 31, 2025 | +3.3% | +2.4% |
| September 30, 2025 | +13.3% | +7.8% |
| June 30, 2025 | −9.6% | +10.5% |
| March 31, 2025 | −0.7% | −4.6% |
| December 31, 2024 | +14.3% | +2.1% |
| September 30, 2024 | +3.2% | +5.4% |
| June 30, 2024 | −3.9% | +4.0% |
| March 31, 2024 | +6.2% | +10.0% |
| December 31, 2023 | −1.3% | +11.2% |
| September 30, 2023 | −7.7% | −3.6% |
| June 30, 2023 | +8.6% | +8.3% |
| March 31, 2023 | −5.5% | +7.0% |
| December 31, 2022 | +1.5% | +7.1% |
| September 30, 2022 | +2.8% | −5.3% |
| June 30, 2022 | −14.7% | −16.5% |
| March 31, 2022 | +10.8% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Carronade Capital Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1866872&type=13F-HR&dateb=&owner=include&count=40CIK 1866872
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1866872/000186687226000009/Filed August 14, 2026 · accession 0001866872-26-000009